July 23rd, 2018US-based multinational retailing corporation Walmart is planning to open nearly 30 new wholesale cash-and-carry stores in the next three years in India, basically in Uttar Pradesh (UP) and Uttarakhand, mentioned by the top company official.
Walmart India, the wholly owned subsidiary of Walmart Inc, has inaugurated its second B2B...
March 29th, 2017Despite rise in e-commerce business, brick and mortar stores still generate 91 per cent sales globally, a study has claimed.
"Despite the rise of e-commerce, the physical stores still draw a significant shopping crowd. In fact, 91 per cent of all retail sales are still being generated in brick-and-mortar stores," the study released by...
October 19th, 2016Starbucks Corp on Wednesday named its first chief executive officer for China and said it plans to more than double its store count in that country to 5,000 by 2021.
The world's biggest coffee chain promoted Belinda Wong to the title of CEO of Starbucks China. Wong, who had been president of that operation, will continue to report to...
June 23rd, 2016McDonald's has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter said.
Buyout firms including Bain Capital, TPG Capital and Carlyle Group are also participating in...
